Pay Day loan help in South Carolina
Date: Tue, 02/26/2008 - 10:35
I have these:
Local cash advances of SC $345
Check loans of SC $345
Check 'N Go $287.50
Check Max $287.50
Check Into Cash $258.75
First American Cash Advance $230
I have been with First American Cash Advance for about 6 years off and on, mostly on thou, but started back with them back in Aug. or Sept of 07 and have been with the others for about 6-8 months except for Check Max, i started with them in December 07 so i'm not sure how much i've paid them back already but i know that it is way more than i've borrowed. I've always made all my payments on time but it is really starting to hurt us with our other bills now.
My Wife's
Local cash advances of SC $345
Advance America $460
Check into Cash $287.50
First American Cash Advance $345
She's also been with these places off and on, mostly on, for a couple of years and have never missed a payment and i'm not sure how much she has paid back but i know that it's alot more than borrowed. As stated earlier we are from South Carolina and these are all store front loans. Langhorne is not available for SC residents and i was wondering if T&C or any other place out there that can help us here in SC.
I would really appreciate any advice or help from anyone that have had the same problems and was able to get through it.
Hi Lemont....Are you going in and basically "reloaning" each pay
Hi Lemont....Are you going in and basically "reloaning" each pay period? Since just about every storefront is licensed, here are the laws they should be following:
South Carolina State Information
Legal Status: Legal
Citation:
S.C. Code Ann. 34-39-110 et seq.
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Lesser of: NSF fee of $10 or actual charge
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: South Carolina State Board of Financial Institutions
Address: Consumer Finance Division, P.O. Box 11905 Columbia SC 29211
Phone: (803) 734-2020
Fax: (803) 734-2025
Regulatory Contact: C. Dean Bratton,, Commissioner of Consumer Finance
Regulator Website
Yes we are reloaning because we can't really pay them off due to
Yes we are reloaning because we can't really pay them off due to our other bills. My wife, she has one at Advance America for $400 in which they had here write a check for $345 then one for $115, can they do that since the Max. loan amount for SC is $300.
If your store fronts are members of the cfsa, they will evoke th
If your store fronts are members of the cfsa, they will evoke the epp. Extended payment plan. This allows you to pay off your loans in 4 installments. You need to go in person prior to defaulting on these loans and ask for the epp.You will need to make other payment arrangements with the ones that you have already defaulted with.
Check n Go check Max Advance America Check into cash These
Check n Go
check Max
Advance America
Check into cash
These are members of the CFSA.
I am checking on the others.
i haven't defaulted on any of them and my wife went to local cas
i haven't defaulted on any of them and my wife went to local cash advance of SC and asked about it but they said that they do not do payment plans. i looked on that CFSA site and they are a member plus when i was in there i seen they have a poster with all the rules and laws on it but they have it sitting on a file cabinet with a flower sitting in front of it as if they were trying to hide it, and they don't have the big sticker display on thier window like i've seen at some of the others
Yep, Local cash advance is a member and if you have not defaulte
Yep, Local cash advance is a member and if you have not defaulted they must give you the epp.I will post something for you to bring them.
This is taken directly off the CFSA website> Extended Payme
This is taken directly off the CFSA website>
Extended Payment Plan (New). A member will comply with a separate code of Best Practices for Extended Payment Plans, which provides customers who are unable to repay a loan according to their original contract, the option of repaying the loan over a longer period of time at no additional charge. A customer shall be allowed to utilize an Extended Payment Plan at least once in a 12-month period. A member will adequately disclose the availability of the Extended Payment Plan to its customers. (Effective 7/31/ 2007) CFSA members click here for guidelines
kash is giving you great information. I've found that a few stor
kash is giving you great information. I've found that a few storefronts I dealt with also "hide" thier CFSA posters. Like they don't want to "advertise" it. However, you can go in to the ones that are members and invoke that EPP. Go in at least one business day before the loan is due. They will have you sign an amendment to your loan documents. It will outline a payment plan of 4 equal payments coinciding with your paydates until the loan is paid in full. No added fees. All collection efforts will stop if you adhere to your payments. Now, just a warning, you're first payment will most likely be the day the loan is due. So rather than going in and paying the check and rewriting, you will go in and make the first of your four payments. Just make sure you get to the storefronts BEFORE the loan is due. On the ones that are not members of the CFSA, you will have to find some way to make payment arrangements. If worse comes to worse, you can always call their corporate office and ask them for help. I've done it and others have done it. We have actually found it easier to deal with the corporate/regional offices than with the storefront managers.
